Distributed Control Systems (DCS) Market Overview

Global Distributed Control Systems (DCS) Market is expected to reach $24,609 million by 2022, growing at a CAGR of 5.2% during the forecast period 2016 - 2022. The emerging process industries are merely operated by advanced automation technologies such as distributed control systems (DCS). These systems are used as an extension of traditional controllers across diversified range of industries. The main concept of DCS application is derived by the idea of decentralizing the control unit and establishing a common network between the engineering stations. In addition, integrating DCS with process plants enables it to control, report, and monitor the components individually, while providing flexibility and simplicity to the plant operation. DCS uses a set of configuration tools to manage the database, graphics, control logic, and system security. Moreover, it supports modification, upgrade, and integration to the existing architecture of any industry.

So far, the hardware, software, and services are the major component types of DCS in the market. DCS operations are performed in industrial plants by synchronizing all the devices with each other. Hardware components includes controller, I/O interfaces, power supply, server, remote workstations, and relays etc. The entire DCS architecture consist of heterogeneous devices such as valves, actuators, motors, and control elements. Software interface provides a common platform for all the devices to communicate and perform their actions. The customized architecture of DCS always require an expert supervision in case of any modification. The real time operation of DCS faces obstructions that has to be addressed by the expert professionals along with the scope of enhancement.

The market for DCS is primarily driven by increasing demand in power and energy sectors, cost and time effectiveness, and emergence of open source DCS solutions. However, sluggish industrial growth in developed economies is restraining the market growth. The impact of these factors would be minimal due to introduction of new techniques in distributed control systems.

The report highlights Porter’s five forces analysis of the global distributed control systems market, which encompasses the impact of suppliers, industry rivals, substitute products, and buyers of the market. Large number of suppliers paired with technological expertise lead to moderate bargaining power among suppliers. On the other hand, availability of substitutes and low threat of backward integration lead to moderate bargaining power among buyers.

The DCS market is segmented on the basis of component type, industry vertical and geography. The segmentation done under component type is hardware, software and services. In 2015, software contributed the highest revenue in the market globally.

Based on industry verticals the market is segmented into chemical, oil and gas, pharmaceutical, petrochemical, food and beverage, power generation and others (manufacturing, metal & mining, paper & pulp and automation). Among the industry verticals segments, oil & gas dominated the market in terms of spending in 2015 and is projected to continue its dominance throughout the forecast period.

The geographical regions considered in the report are North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific contributes the highest revenue among other regions.

Top factors impacting the global distributed control systems market

Progression of power and energy sector

Growing population is creating huge demand of power and energy to support sustainable developments and low carbon future. Power plants use various automation technologies to generate electricity efficiently, where in the application of DCS in mega power plants enables the operators to control and monitor the operations precisely. It also equips them with centralised management facility. For instance, Hong Kong a majestic city known for its contribution in delivering the best electricity supply system in the global. The city is planning various strategies to deal with its 43 terawatt-hours power requirements. To address this the city is developing many wind and solar power plants there by creating a great opportunity for DCS applications.

Perceptible amount of reduction in cost and time

The process industries are very dynamic towards adaption of latest automation technologies. DCS consists of various digital devices equipped with smart components which helps to enhance the performance of the plant with reduced time consumption. These smart components help to improve productivity. The use of network systems in DCS supports the troubleshooting in a stress free and rapid way. This in turn saves plenty of time while reducing the cost. Further, DCS is made up of digital electronic devices that uses smart technologies and there is a noticeable amount of decrease in the price of digital devices which in turn decreases the cost of ownership of DCS that includes manufacturing and initial purchase cost along with the service costs.

Stagnant development in oil and gas sector

Oil and gas industry contains mega infrastructures. This industry faces the highest impact of regulations, emerging economies, interest rates and most importantly fluctuating oil and gas price globally. Due to the unstable energy policies across the global hinders the development in this sector. The risk associated with the industry restricts the big investment and innovation in oil and gas industry.

DISTRIBUTED CONTROL SYSTEMS (DCS) MARKETKEY BENEFITS

This study comprises analytical depiction of the global DCS market, with current trends and future estimations to depict the imminent investment pockets.

The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.

The current market is quantitatively analyzed from 2014 to 2022, which is provided to highlight the financial competency of the market.

Porter’s five forces analysis illustrates the potency of the buyers and suppliers.

Value chain analysis provides a clear understanding of the roles of stakeholders involved.

DISTRIBUTED CONTROL SYSTEMS (DCS) MARKETKEY SEGMENTS

The market is segmented on the basis of component type, industry vertical, and geography.

BY COMPONENT TYPE

Hardware

Software

Services

BY INDUSTRY VERTICAL

Chemical

Oil & Gas

Pharmaceutical

Food & Beverage

Power Generation

Others (Automation, Metal & Mining, Paper & Pulp)

BY GEOGRAPHY

North America

U.S.

Canada

Mexico

Europe

UK

Germany

France

Russia

Rest of Europe

Asia-Pacific

China

Japan

India

Australia

Rest of Asia-Pacific

LAMEA

Latin America

Middle East

Africa

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3.2.1.1 Progression of power and energy sector
3.2.1.2 Perceptible amount of reduction in cost and time
3.2.1.3 Stagnant development in oil and gas sector
3.2.1.4 The idea of complete mobilization by cloud

Significant growth in world distributed control systems market is attributed to the technological advancements in hardware, software, and services and increased adoption in emerging economies. Furthermore, integration with cloud computing technology and increase in demand from energy and power sectors drive the growth of DCS market. However, sluggish industrial growth in developed economies hampers the growth of global DCS market to a certain extent.

Distributed control systems have been increasingly deployed in Asia-Pacific, followed by North America, Europe, and LAMEA. Asia-Pacific occupied the highest market share owing to the increasing adoption in the emerging economies in the region.

Software is the dominant segment due to rise in the adoption of commercial off-the-shelf (COTS) and cloud computing. The oil & gas industry also dominated the market owing to the requirement of advanced safety in oil & gas plants on the basis of environmental regulations.

Manufacturers in the market focus on product innovation with exceptional product offerings to lead the market. General Electric, Siemens, and Honeywell International Inc. are the leading market players that occupy a prominent revenue share. These players adopt expansion, R&D, product launch, and acquisition as their key strategies to sustain in the market.

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